Suppose an American subsidiary of UK company showed:

Current assets of dollar 5 million;

Current liabilities of dollar 4.1 million;

Total assets = dollar 7.2 million;

Total liabilities = dollar 8.2 million

If the dollar deprecated during that year from 0.7538 to 0.7500.

Under FASB-52, what is the translation gain (loss) in pound if dollar is the functional currency?

a. 0

b. 7,220 gain

c. 3,800 gain

d. 3,420 loss